Monday, January 28, 2008

While you were sleeping

The Dallas Business Journal is reporting that two new uber-pricey condo developments are slated for the burgeoning S. Lamar corridor and (of course) downtown Austin:
"Dallas-based Urbana Communities and Austin-based Cypress Real Estate Advisors have broken ground on the 42-unit Zocalo and 8-unit Mira Vista town home developments in Austin. Zocalo, located near Lamar Boulevard and Manchaca Road, will have condos priced from $400,000 to $650,000 while the units at Mira Vista in downtown Austin will range from $800,000 to $1.5 million."

If not for how impossible it is for us to shut up, we would be outright speechless.  $650k for condos on S. Lamar?!  They better be friggin' cavernous, is all we have to say...

Click here to read the full article.  

1 comment:

brett said...

Once again the paper is not that accurate. These are townhomes and single family homes. The sizes are 1600 square feet to 2800 square feet and will be very nicely finished. They are in line if not cheaper, on a per square foot price, than new product currently selling in that neighborhood.